Summary by Futu AI
ali pictures announced the unaudited interim performance for the first half of 2024, with revenue reaching 3.051 billion yuan, a 17% year-on-year increase. Despite the global film industry's slowing growth and the lower activity in the china film co., ltd. market compared to last year, the company achieved business breakthroughs by actively optimizing its operation and management strategy through the 'content + technology' dual-driven strategy. During the reporting period, the company was involved in the production and distribution of 47 films, accounting for nearly 60% of the box office. In addition, the company completed the acquisition of Dama, further consolidating its advantage in the ticketing platform. During the reporting period, the company recorded an adjusted EBITA of 0.642 billion yuan, a 39% year-on-year increase, but the profit attributable to the company's owners was 0.337 billion yuan, a 27% year-on-year decrease. As of the end of the reporting period, the company held approximately 3.095 billion yuan in cash and cash equivalents, in a net cash position.
